Price of Farmland Will Go up by 40% Because of Bulgaria's EU AccessionStandard News, 20th February 2006

At present the cost of 100 ha of farmland varies from 109 levs to 224,000 levs

The price of farmland is expected to go up by 30-40% because of Bulgaria's forthcoming EU entry, sources from the Ministry of Agriculture informed. These forecasts have led to considerable movement on the real estates' market - people are in a hurry to buy land cherishing the hope that after a certain period of time their investments will pay back and bring them a considerable profit.
At present the price of 100 ha of farmland varies from 109 levs to 224,000 levs. The land in northwestern Bulgaria is the cheapest, because it could be used for farming purposes only. The most expensive are the fields which could be turned into construction sites. Last year a client paid 224,000 levs for 100 ha of farmland in the mountain resort of Bansko (southwestern Bulgaria), because he intended to build a hotel there.
Experts forecast that the investors' interest will continue to grow and this will fix the high rates of the farmland in Bulgaria.